Xceed Foodservice Group, a portfolio company of San Francisco Equity Partners has made investments in Culinary Resources in Florida and Select Foodservice in Tennessee – two foodservice brokerage companies.
The investments mark Xceed’s third and fourth since the platform was established earlier this year. The management teams of both Culinary Resources and Select Foodservice will continue operating their businesses and collectively retained significant equity ownership in Xceed.
“Our partnership with Xceed will benefit our manufacturers, operators and employees alike, as we will continue to deliver exceptional localized service while leveraging the benefits of the growing platform,” says Rob Anderson, co-owner of Culinary Resources.